Search results

No question the $700B will not be enough, more like double that amount will be needed before this is all over though it may not all come from the US, looks like other countries are starting to get involved too. Europe/Asia per the WSJ today, Ireland stepped up in a big way.

:) beautifully put as always TD. In other words the top and bottom 5% of every move are the most expensive (or painful) to try and catch, conservative investors will wait and take the easier money in the meat of the move. I like the way you put it much better though. Agree with Pabst and...

+97 best single day's gain this year mostly on a day trade(NQ), unrealized as yet.

All true and I agree with that as the reason the bill didn't pass. All the polls I was looking at were saying 65% of the public didn't want the bailout and calls to some congressmen were running at 100:1 against the bailout. After todays market action (biggest one day point decline in history)...

One additional note, the conversations were done in person but no paper work was produced and Lehman was never mentioned as issuing bank, the implication was always that these were products backed by Citibank. After my father had agreed to invest in these products he signed some single sheet of...

Thanks everyone, my father will be retaining an avogado on Monday, he aparently was not the only one in his cirdcle of freinds who was lied to by their Citibank Private con artist. Apparently the way the scam works is that they sell the paper as though it is 100 gauranteed BY CITIBANK, when...

Thanks guys and will take your suggestion WB but what I am really after is a top notch law firm in Spain that can represent my father in this matter.

Sorry for posting in this forum, hopefully the thread title is sufficiently clear and narrow to only attract those few with the pertinent knowledge. I received an e-mail today that made me physically sick given my awareness of what is going on now from way back in early 2007. My father, who...

They can get an unlimited amount from the treasury, as long as the rest of the world is valuing the USD as strongly as it is now it isn't such a bad strategy. If the USD collapses everyone is fucked, who is china going to sell all its goods to if USD collapses and we can only afford to buy a...

Overall agree but the wealthy use leverage far more than the poor , they just use it for investment rather than consumption.

Recession yes and with millions house poor under the any solution that keeps people in thieir homes that is an inevitability. If the deflationary spiral is left unchecked then a depression is likley and I don't think it is what this country or the world needs to go through to cure the societal...

We are just sitting back and letting this happen, Russia making a major play in the mid east. One day we will wake up and we will be in a position where we HAVE to act, by then it won't be a question of small diplomatic action but something much more significant and that is what we should have...

And it escalates while we are all too busy with our piggy banks... Syrian masses 10,000 commandos on border to invade N. Lebanon DEBKAfile Exclusive Report September 23, 2008, 6:39 PM (GMT+02:00) Syrian deployment on Lebanese border: Commandos on right; positions on hill, trucks...

This is a brilliant idea but no need for the government to do so or agree, some enterprising soul could set up an exchange where this debt could be broken down to its indiviudal loans and be bid on by all. Funds or wealthy individuals could buy the tranches at a discount and sell them off on the...

Don't disagree with any of those points, all unfortunately valid. However in the short term we need to stop the decline in housing prices if we want to buy time to address the above largers issues.

This is the long term solution but if we force it in the short term it means fueling a dangerous deflationary spiral which we can not afford to let play out due to the level of public and personal debt in the US and western Europe. That is the real danger and it will lead to a global recession...

Intersting link G, but isn't the flaw in that system that the best outcome is subjective. There have been many notable actors in history who have been labled as utilitarians (such as Stalin, Mao, and Hitler) who in thier minds thought they were doing the best for the most. There has to be...

At the root of all our problems are house prices. Can we agree on that or not? If house prices stabilized or started rising would the crisis be over or not? Yes, it would because the MBS would now be able to be valued with confidence. So why not a solution that stops house prices from falling...

Can anything touch this stock? Looks like a low risk long.

Day trading futures is the only "safe" thing right now, ETFs are screwed up and many traditional hedges are also broken. Trying to trade any kind of macro view is also hazardous due to the way the market is being manipulated by non market forces. Mysharona2, even if they lift it they can...